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WAYFAIR SHARES RISE AFTER JOB CUTS
-Wayfair $W has announced plans to reduce its workforce by 13%, equivalent to approximately 1,650 employees.
- Layoffs is primarily focused on management and executive positions.
- A third round of layoffs starting in the summer of 2022 is expected to save the company approximately $280 million.
- The layoff announcement triggered A 10% increase...
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